This page contains the latest updates we have made to our website so please bookmark it and check back often.
May 2012
2012 Client Business Questionnaire can be downloaded here
2012 Rental Questionnaire can be downloaded here
February 2012
Our latest newsletter is now available. Visit In The News to view.
December 2011
Our new-look newsletter "From Your Advisors Drawer" is now available to view. Visit In The News to view.
Our offices will be closed from 3pm Friday 23rd December, until 8:30am Monday 16th January. We wish you all a very Merry Christmas and a Happy and Prosperous 2012!
There are currently e-mails going around that say they are from the Inland Revenue stating you have a tax refund and asking you to re-verify your information in order to receive your refund. These e-mails are hoaxes.
Charitable organisations are now able to apply for a JetStar grant of up to $30k. This grant includes $15k travel and $15k cash. Charities, Sporting Groups, Art Groups and Educational & Health Organisations are eligible to apply. For more information click here.
October 2011
The earthquake provisions have been extended. More information can be found here
The Taxation (Annual Rates, Returns Filing, and Remedial Matters) Bill introduced in Parliament today proposes changes to returns filing and record-keeping requirements, raises the minimum employee and employer contribution rates for KiwiSaver announced in Budget 2011, and ensures that expenditure on software development is deductible if the software cannot be used and the project is abandoned. More information can be found here
The Government has announced proposals to simplify the financial reporting framework for small and medium sized businesses and registered charities. The proposals will mean that non-issuer companies that are not large will not be required to prepare financial statements under the Companies Act, and instead will prepare targeted reports for income tax purposes only. The New Zealand Institute of Chartered Accountants and the Inland Revenue Department will develop new criteria for those who qualify for tax reporting. Special financial reporting requirements will also apply for registered charities. Most changes are likely to be introduced during the 2013 year, with changes for not-for-profits to be introduced in mid-2014.
The latest Business Forward newsletter is available to view. Visit In The News to view.
September 2011
The government has announced research and development funding through the Ministry of Science and Innovation - more information can be found here
The Spring 2011 Wilco newsletter is now available to view. Visit In The News to view
August 2011
The Taxation (Tax Administration and Remedial Matters) Bill was passed by Parliament last night. The main features of the bill include the abolition of gift duty, amendments to the tax disputes process, the introduction of rollover depreciation for earthquake relief, and amendments to facilitate the sharing of tax information between Inland Revenue and other government agencies. The legislation now awaits Royal assent. IRD media statement can be found here
Changes occurred to the Student Loan Scheme Bill - more information can be found here
New lower NRWT rates on dividends and royalty payments under New Zealand's double tax agreements with Chile and Mexico have been announced by Revenue Minister Peter Dunne - more information can be found here
Taxation Bill - Supplementary Order Paper No. 263 was released - details can be found here
This amendment relieves interest charged on overdue tax for some overseas workers who are in New Zealand to assist following the Canterbury earthquakes, and who have unexpected tax to pay as a result of their stay in New Zealand being extended following further earthquakes.
July 2011
The latest Wilco newsletter looking at the Emissions Trading Scheme is now available to view. Visit In The News to view.
June 2011
The latest Business Forward newsletter is available to view. Visit In The News to view.
The latest Wilco newsletter is available to view. Visit In The News to view.
From 1 July 2011 all employers need to have copies of employment agreements signed by both parties. More information can be found here
ACC are changing the way they invoice you for ACC levies from 1 April 2011 onwards. More information can be found here
April 2011
2011 Client Business Questionnaire can be downloaded here
2011 Rental Questionnaire can be downloaded here
The Inland Revenue Department has published their latest business tax update which can be obtain here
Included in this update are:
Tax support for business impacted due to the Christchurch earthquake
Treatment of earthquake disposal or demolition costs
Common errors when filing EMS electronically
FBT rate changes
ASB have announced a support package for Christchurch businesses to stimulate growth within the region. This fund is available for small to medium business customers whose future cash flows are expected to be financially viable within 12-24 months.
- A maximum amount of $1 million business lending per customer.
- The fund will offer a 12 month interest free period, followed by two years at 1.00% discount on customer rate for two year fixed rate and variable rate Term Loans and Overdrafts.
- Principal repayments are not required during the first 12 months.
- The offer is available until 31 March 2012.
We are yet to receive information from other banks regarding the packages they are offering.
There have been a number of changes to the payroll legislation effective from 1 April 2011. In brief the key changes are:
- $13 per hour minimum wage in place
- employees have the ability to cash up to one weeks annual leave per year
- ACC premiums and thresholds have changed
- 90 day trial period rules have changed
More information about some of these changes can be found here, please feel free to call us to discuss these also.
March 2011
The Government has announced its updated earthquake relief tax measures - we have provided our summary here
The new rules regarding zero rated land transactions have been explained here
The Government has extended its employer support packages - we have explained what they mean here
The Charities Commission has released guidance for charities who may wish to register with them. This information can be found here
February 2011
We have updated our Maori Business page. Click here to view this page or here to view upcoming tax changes for Maori Authorities.
Are you a charitable organisation? TechSoup New Zealand offers donated and discounted technology products and services from companies such as Microsoft, Symantec, and Xero to eligible New Zealand Charities, Voluntary and Community groups with charitable status. For more information visit the TechSoup New Zealand website.
Our latest Newsletters are available to view. Visit In The News to view these.
Are you an LAQC? Click here to read important information regarding the new LAQC legislation.
We have updated our current liquidations. Click here to go to the liquidations page or contact the liquidation team if you have any queries.
Photos from our charity ride/walk have been uploaded. Click here to read all about it.
December 2010
Our office is doing a charity ride/walk at McLeans Island to raise money for charity - photos will be uploaded soon.
Our latest Business Forward newsletter has been uploaded.
November 2010
We have updated our software solutions pages with outlines of some of the solutions we support
In the 2010 Budget the Government announced Technology Transfer Vouchers to make it easy for businesses to work within research organisations on research and development projects. For more information on Technology Transfer Vouchers please look here
We have outlined the different types of assurance services we provide to help you consider what best fits your needs - please look at our audit services page here
We have updated our insolvency section of the website with more information regarding current insolvency work added daily. Please look here for more information
Banklink has announced changes to their cost structure from 1 December 2010. For most clients this will mean a minor increase in the per month cost (less than $1). The average cost to most users remains between $5 and $10. If you have any questions please contact Jill Tyree
Revenue Minister Peter Dunne today confirmed that the abolition of gift duty would be included in legislation to be introduced in November this year. For more information on this please look here
September 2010
GST Rate changes - learn more about the GST rate changes and how they impact on you here
Considering upgrading your current IT infrastructure. Look here for more information on a competition to win dollar for dollar funding for it.
Canterbury Earthquake - useful links here
July 2010
Maori Business Mentoring - we have been recently appointed by Te Puni Kokiri as one of three parties to provide Business Mentoring in Canterbury, more information can be found here
See our old newsletters here
